JLL has acquired London-based retail property advisory firm KLM Real Estate for an undisclosed sum.
KLM’s client portfolio includes The Crown Estate, the South Kensington Estate and Pret a Manger.
The acquisition will see 17 KLM colleagues join JLL. The combined retail team will provide comprehensive services spanning leasing advisory, investment transactions and strategic consulting.
JLL is making this addition to its retail offering as consumer spending continues to exceed expectations despite economic pressures.
Matthew Richards, UK chief executive of JLL, said: “This acquisition reflects the strategic fit between KLM and JLL and our continued focus on London as a world-leading retail destination and global financial centre.
“Bringing KLM’s specialist expertise together with our platform strengthens our ability to serve global occupiers who demand consistency and deep market knowledge across London and the wider UK.”
James Andrews, partner at KLM, added: “Joining JLL represents an exciting opportunity for our team and clients. JLL’s global platform, resources and commitment to the retail sector will enable us to deliver even greater value to our clients. We’re impressed by JLL’s vision for retail and look forward to contributing to the growth of this dynamic platform while maintaining the specialist expertise and relationships our clients value.”
